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According to Donald Trump, his business bankruptcies were tremendously smart things to do, and, if looked at from the right angle, almost a heroic blow against nasty Wall Street types:
"These lenders aren't babies," he said during a Republican primary debate last fall. "These are total killers. These are not the nice, sweet little people that you think, okay?"
From a sheer dollar perspective, Wall Streeters and other big investors might well have had the largest investments in Trump’s various mismanaged and doomed enterprises, but that doesn’t mean “little people” didn’t lose more than they could afford.read more

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